Date
24 April 2018

Glitches cloud Baidu’s debut of investment product, paper says

Technical glitches prevented internet users from logging on to a payment service for the widely anticipated debut of Baidu Inc.’s first asset management product on Monday, Shanghai Daily reported Tuesday. Baidu said Baifubao, the payment arm of China’s largest search engine, crashed and was unable to process the massive number of users who tried to access the system in the morning after the company launched the online financial product in collaboration with China Asset Management Co. Ltd., according to the newspaper. The service resumed by 1 p.m., and the 1 billion yuan (US$164 million) quota was sold out in two hours, the report said.

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SK/CG

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